Industry trade council warns against using 'sweeping' Section 232 trade restrictions

The U.S. as a result of an ongoing Section 232 investigation into steel imports should not impose broad-based remedial measures based on national security concerns, according to the National Foreign Trade Council, which says doing so would invite retaliation and ignore pre-existing trade laws created to mitigate unfair trade imports. The NFTC told the Commerce Department in comments that the group, which represents companies across multiple sectors of the economy, is “extremely concerned” about the administration's consideration of steps to...